UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 25, 2005
IMPAC SECURED ASSETS CORPORATION
Mortgage Pass-Through Certificates, Series 2005-1 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-117991-03
Pooling and Servicing Agreement) (Commission 54-2176762
(State or other File Number) 54-2176763
jurisdiction 54-2176764
of Incorporation) IRS EIN
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
Subsequent to filing the 8-K relating to the payment date on August 25, 2005, a
revision was made to the IMPAC SECURED ASSETS CORPORATION, Mortgage Pass-Through
Certificates, Series 2005-1 Trust which was not included in the original 8-K
filed. The 8-K is being amended because the deal delinquencies were updated.
This revision was not previously disclosed in a 1934 Act filing. The revised
data has been and will continue to be available on the Wells Fargo Bank, website
at www.ctslink.com.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Amended monthly report distributed to
holders of Mortgage Pass-Through
Certificates, Series 2005-1 Trust,
relating to the August 25, 2005
distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
IMPAC SECURED ASSETS CORPORATION
Mortgage Pass-Through Certificates, Series 2005-1 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 10/24/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Amended monthly report distributed to holders of
Mortgage Pass-Through Certificates, Series 2005-1
Trust, relating to the August 25, 2005 distribution.
EX-99.1
Impac Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
Record Date: 7/29/2005
Distribution Date: 8/25/2005
Impac Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
Series 2005-1
Contact: Customer Service - CTSLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
www.ctslink.com
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest
Class CUSIP Description Rate Balance Distribution
<s> <c> <c> <c> <c> <c>
1A1 45254TRN6 SEN 4.29462% 25,198,632.74 90,182.23
1AX 45254TSK1 SEN 0.86000% 0.00 36,400.77
2A1 45254TRP1 SEN 5.25382% 18,134,263.21 79,395.18
3A1 45254TRQ9 SEN 4.98559% 62,324,168.42 258,935.49
3AX 45254TSL9 SEN 0.35000% 0.00 28,705.88
4A1 45254TRR7 SEN 5.14464% 11,527,736.97 49,421.71
5A1 45254TRS5 SEN 3.73000% 44,055,739.03 141,504.59
5A2 45254TRT3 SEN 3.57000% 109,508,910.36 336,648.64
5A3 45254TRU0 SEN 3.74000% 160,394,000.00 516,557.79
5A4 45254TRV8 SEN 3.84000% 19,837,000.00 65,594.35
5A5 45254TRW6 SEN 3.81000% 37,089,058.16 121,683.02
5A6 45254TRX4 SEN 3.77000% 48,950,821.14 153,787.16
5A7 45254TRY2 SEN 3.81000% 12,237,705.29 40,149.87
5AX 45254TRZ9 SEN 1.91776% 0.00 785,976.74
B1 45254TSD7 SUB 5.63561% 30,742,973.33 144,379.55
B2 45254TSE5 SUB 5.63561% 13,945,080.70 65,490.88
B3 45254TSF2 SUB 5.63561% 8,874,414.97 41,677.30
B4 45254TSG0 SUB 5.63561% 8,873,415.04 41,672.60
B5 45254TSH8 SUB 5.63561% 6,972,540.35 32,745.44
B6 45254TSJ4 SUB 5.63561% 5,071,836.85 23,819.09
R1 45254TSA3 SEN 4.30786% 0.00 0.00
R2 45254TSB1 SEN 4.30786% 0.00 0.00
R3 45254TSC9 SEN 4.30786% 0.00 0.00
Totals 623,738,296.56 3,054,728.28
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 826,745.77 0.00 24,371,886.97 916,928.00 0.00
1AX 0.00 0.00 0.00 36,400.77 0.00
2A1 774.56 0.00 18,133,488.65 80,169.74 0.00
3A1 452,126.11 0.00 61,872,042.31 711,061.60 0.00
3AX 0.00 0.00 0.00 28,705.88 0.00
4A1 1,258.34 0.00 11,526,478.63 50,680.05 0.00
5A1 1,572,402.98 0.00 42,483,336.05 1,713,907.57 0.00
5A2 10,341,170.26 0.00 99,167,740.09 10,677,818.90 0.00
5A3 0.00 0.00 160,394,000.00 516,557.79 0.00
5A4 0.00 0.00 19,837,000.00 65,594.35 0.00
5A5 1,323,753.66 0.00 35,765,304.51 1,445,436.68 0.00
5A6 1,747,114.42 0.00 47,203,706.72 1,900,901.58 0.00
5A7 436,778.61 0.00 11,800,926.68 476,928.48 0.00
5AX 0.00 0.00 0.00 785,976.74 0.00
B1 1,983.98 0.00 30,740,989.35 146,363.53 0.00
B2 899.94 0.00 13,944,180.76 66,390.82 0.00
B3 572.70 0.00 8,873,842.27 42,250.00 0.00
B4 572.64 0.00 8,872,842.40 42,245.24 0.00
B5 449.97 0.00 6,972,090.38 33,195.41 0.00
B6 327.31 0.00 5,071,509.54 24,146.40 0.00
R1 0.00 0.00 0.00 0.00 0.00
R2 0.00 0.00 0.00 0.00 0.00
R3 0.00 0.00 0.00 0.00 0.00
Totals 16,706,931.25 0.00 607,031,365.31 19,761,659.53 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
This report has been compiled from information provided to Wells Fargo Bank, N.A. by various
third parties, which may include the Servicer, Master Servicer, Special Servicer and others.
Wells Fargo Bank, N.A. has not independently confirmed the accuracy of information received
from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A. expressly
disclaims any responsibility for the accuracy or completeness of information furnished by
third parties.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<s> <c> <c> <c> <c> <c> <c>
1A1 25,200,000.00 25,198,632.74 696.29 826,049.48 0.00 0.00
1AX 0.00 0.00 0.00 0.00 0.00 0.00
2A1 18,136,000.00 18,134,263.21 0.00 774.56 0.00 0.00
3A1 62,836,000.00 62,324,168.42 955.31 451,170.80 0.00 0.00
3AX 0.00 0.00 0.00 0.00 0.00 0.00
4A1 11,922,000.00 11,527,736.97 1,258.23 0.11 0.00 0.00
5A1 45,000,000.00 44,055,739.03 3,325.78 1,569,077.20 0.00 0.00
5A2 115,719,000.00 109,508,910.36 21,872.54 10,319,297.72 0.00 0.00
5A3 160,394,000.00 160,394,000.00 0.00 0.00 0.00 0.00
5A4 19,837,000.00 19,837,000.00 0.00 0.00 0.00 0.00
5A5 37,884,000.00 37,089,058.16 2,799.86 1,320,953.79 0.00 0.00
5A6 50,000,000.00 48,950,821.14 3,695.31 1,743,419.11 0.00 0.00
5A7 12,500,000.00 12,237,705.29 923.83 435,854.78 0.00 0.00
5AX 0.00 0.00 0.00 0.00 0.00 0.00
B1 30,745,000.00 30,742,973.33 1,983.98 0.00 0.00 0.00
B2 13,946,000.00 13,945,080.70 899.94 0.00 0.00 0.00
B3 8,875,000.00 8,874,414.97 572.70 0.00 0.00 0.00
B4 8,874,000.00 8,873,415.04 572.64 0.00 0.00 0.00
B5 6,973,000.00 6,972,540.35 449.97 0.00 0.00 0.00
B6 5,072,171.20 5,071,836.85 327.31 0.00 0.00 0.00
R1 100.00 0.00 0.00 0.00 0.00 0.00
R2 100.00 0.00 0.00 0.00 0.00 0.00
R3 100.00 0.00 0.00 0.00 0.00 0.00
Totals 633,913,471.20 623,738,296.56 40,333.69 16,666,597.55 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
1A1 826,745.77 24,371,886.97 0.96713837 826,745.77
1AX 0.00 0.00 0.00000000 0.00
2A1 774.56 18,133,488.65 0.99986153 774.56
3A1 452,126.11 61,872,042.31 0.98465915 452,126.11
3AX 0.00 0.00 0.00000000 0.00
4A1 1,258.34 11,526,478.63 0.96682424 1,258.34
5A1 1,572,402.98 42,483,336.05 0.94407413 1,572,402.98
5A2 10,341,170.26 99,167,740.09 0.85697025 10,341,170.26
5A3 0.00 160,394,000.00 1.00000000 0.00
5A4 0.00 19,837,000.00 1.00000000 0.00
5A5 1,323,753.66 35,765,304.51 0.94407413 1,323,753.66
5A6 1,747,114.42 47,203,706.72 0.94407413 1,747,114.42
5A7 436,778.61 11,800,926.68 0.94407413 436,778.61
5AX 0.00 0.00 0.00000000 0.00
B1 1,983.98 30,740,989.35 0.99986955 1,983.98
B2 899.94 13,944,180.76 0.99986955 899.94
B3 572.70 8,873,842.27 0.99986955 572.70
B4 572.64 8,872,842.40 0.99986955 572.64
B5 449.97 6,972,090.38 0.99986955 449.97
B6 327.31 5,071,509.54 0.99986955 327.31
R1 0.00 0.00 0.00000000 0.00
R2 0.00 0.00 0.00000000 0.00
R3 0.00 0.00 0.00000000 0.00
Totals 16,706,931.25 607,031,365.31 0.95759341 16,706,931.25
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
1A1 25,200,000.00 999.94574365 0.02763056 32.77974127 0.00000000
1AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2A1 18,136,000.00 999.90423522 0.00000000 0.04270843 0.00000000
3A1 62,836,000.00 991.85448501 0.01520323 7.18013241 0.00000000
3AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000
4A1 11,922,000.00 966.92979114 0.10553850 0.00000923 0.00000000
5A1 45,000,000.00 979.01642289 0.07390622 34.86838222 0.00000000
5A2 115,719,000.00 946.33474503 0.18901425 89.17548302 0.00000000
5A3 160,394,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
5A4 19,837,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
5A5 37,884,000.00 979.01642276 0.07390613 34.86838217 0.00000000
5A6 50,000,000.00 979.01642280 0.07390620 34.86838220 0.00000000
5A7 12,500,000.00 979.01642320 0.07390640 34.86838240 0.00000000
5AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000
B1 30,745,000.00 999.93408131 0.06453017 0.00000000 0.00000000
B2 13,946,000.00 999.93408146 0.06453033 0.00000000 0.00000000
B3 8,875,000.00 999.93408113 0.06452958 0.00000000 0.00000000
B4 8,874,000.00 999.93408159 0.06453009 0.00000000 0.00000000
B5 6,973,000.00 999.93408146 0.06453033 0.00000000 0.00000000
B6 5,072,171.20 999.93408148 0.06453055 0.00000000 0.00000000
R1 100.00 0.00000000 0.00000000 0.00000000 0.00000000
R2 100.00 0.00000000 0.00000000 0.00000000 0.00000000
R3 100.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All Classes are per $1,000 denomination
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
1A1 0.00000000 32.80737183 967.13837183 0.96713837 32.80737183
1AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 0.04270843 999.86152680 0.99986153 0.04270843
3A1 0.00000000 7.19533564 984.65914937 0.98465915 7.19533564
3AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
4A1 0.00000000 0.10554773 966.82424342 0.96682424 0.10554773
5A1 0.00000000 34.94228844 944.07413444 0.94407413 34.94228844
5A2 0.00000000 89.36449727 856.97024767 0.85697025 89.36449727
5A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
5A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
5A5 0.00000000 34.94228857 944.07413446 0.94407413 34.94228857
5A6 0.00000000 34.94228840 944.07413440 0.94407413 34.94228840
5A7 0.00000000 34.94228880 944.07413440 0.94407413 34.94228880
5AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B1 0.00000000 0.06453017 999.86955115 0.99986955 0.06453017
B2 0.00000000 0.06453033 999.86955113 0.99986955 0.06453033
B3 0.00000000 0.06452958 999.86955155 0.99986955 0.06452958
B4 0.00000000 0.06453009 999.86955150 0.99986955 0.06453009
B5 0.00000000 0.06453033 999.86955113 0.99986955 0.06453033
B6 0.00000000 0.06453055 999.86955093 0.99986955 0.06453055
R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1A1 25,200,000.00 4.29462% 25,198,632.74 90,182.23 0.00 0.00
1AX 0.00 0.86000% 25,198,632.74 18,059.02 0.00 0.00
2A1 18,136,000.00 5.25382% 18,134,263.21 79,395.18 0.00 0.00
3A1 62,836,000.00 4.98559% 62,324,168.42 258,935.49 0.00 0.00
3AX 0.00 0.35000% 62,324,168.42 18,177.88 0.00 0.00
4A1 11,922,000.00 5.14464% 11,527,736.97 49,421.71 0.00 0.00
5A1 45,000,000.00 3.73000% 44,055,739.03 141,504.59 0.00 0.00
5A2 115,719,000.00 3.57000% 109,508,910.36 336,648.64 0.00 0.00
5A3 160,394,000.00 3.74000% 160,394,000.00 516,557.79 0.00 0.00
5A4 19,837,000.00 3.84000% 19,837,000.00 65,594.35 0.00 0.00
5A5 37,884,000.00 3.81000% 37,089,058.16 121,683.02 0.00 0.00
5A6 50,000,000.00 3.77000% 48,950,821.14 153,787.16 0.00 0.00
5A7 12,500,000.00 3.81000% 12,237,705.29 40,149.87 0.00 0.00
5AX 0.00 1.91776% 432,073,233.98 690,511.38 0.00 0.00
B1 30,745,000.00 5.63561% 30,742,973.33 144,379.55 0.00 0.00
B2 13,946,000.00 5.63561% 13,945,080.70 65,490.88 0.00 0.00
B3 8,875,000.00 5.63561% 8,874,414.97 41,677.30 0.00 0.00
B4 8,874,000.00 5.63561% 8,873,415.04 41,672.60 0.00 0.00
B5 6,973,000.00 5.63561% 6,972,540.35 32,745.44 0.00 0.00
B6 5,072,171.20 5.63561% 5,071,836.85 23,819.09 0.00 0.00
R1 100.00 4.30786% 0.00 0.00 0.00 0.00
R2 100.00 4.30786% 0.00 0.00 0.00 0.00
R3 100.00 4.30786% 0.00 0.00 0.00 0.00
Totals 633,913,471.20 2,930,393.17 0.00 0.00
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1A1 0.00 0.00 90,182.23 0.00 24,371,886.97
1AX 0.00 0.00 36,400.77 0.00 24,371,886.97
2A1 0.00 0.00 79,395.18 0.00 18,133,488.65
3A1 0.00 0.00 258,935.49 0.00 61,872,042.31
3AX 0.00 0.00 28,705.88 0.00 61,872,042.31
4A1 0.00 0.00 49,421.71 0.00 11,526,478.63
5A1 0.00 0.00 141,504.59 0.00 42,483,336.05
5A2 0.00 0.00 336,648.64 0.00 99,167,740.09
5A3 0.00 0.00 516,557.79 0.00 160,394,000.00
5A4 0.00 0.00 65,594.35 0.00 19,837,000.00
5A5 0.00 0.00 121,683.02 0.00 35,765,304.51
5A6 0.00 0.00 153,787.16 0.00 47,203,706.72
5A7 0.00 0.00 40,149.87 0.00 11,800,926.68
5AX 0.00 0.00 785,976.74 0.00 416,652,014.06
B1 0.00 0.00 144,379.55 0.00 30,740,989.35
B2 0.00 0.00 65,490.88 0.00 13,944,180.76
B3 0.00 0.00 41,677.30 0.00 8,873,842.27
B4 0.00 0.00 41,672.60 0.00 8,872,842.40
B5 0.00 0.00 32,745.44 0.00 6,972,090.38
B6 0.00 0.00 23,819.09 0.00 5,071,509.54
R1 0.00 0.00 0.00 0.00 0.00
R2 0.00 0.00 0.00 0.00 0.00
R3 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 3,054,728.28 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1A1 25,200,000.00 4.29462% 999.94574365 3.57865992 0.00000000 0.00000000
1AX 0.00 0.86000% 999.94574365 0.71662778 0.00000000 0.00000000
2A1 18,136,000.00 5.25382% 999.90423522 4.37776687 0.00000000 0.00000000
3A1 62,836,000.00 4.98559% 991.85448501 4.12081434 0.00000000 0.00000000
3AX 0.00 0.35000% 991.85448501 0.28929085 0.00000000 0.00000000
4A1 11,922,000.00 5.14464% 966.92979114 4.14542107 0.00000000 0.00000000
5A1 45,000,000.00 3.73000% 979.01642289 3.14454644 0.00000000 0.00000000
5A2 115,719,000.00 3.57000% 946.33474503 2.90919071 0.00000000 0.00000000
5A3 160,394,000.00 3.74000% 1000.00000000 3.22055557 0.00000000 0.00000000
5A4 19,837,000.00 3.84000% 1000.00000000 3.30666683 0.00000000 0.00000000
5A5 37,884,000.00 3.81000% 979.01642276 3.21198976 0.00000000 0.00000000
5A6 50,000,000.00 3.77000% 979.01642280 3.07574320 0.00000000 0.00000000
5A7 12,500,000.00 3.81000% 979.01642320 3.21198960 0.00000000 0.00000000
5AX 0.00 1.91776% 979.01642289 1.56460046 0.00000000 0.00000000
B1 30,745,000.00 5.63561% 999.93408131 4.69603350 0.00000000 0.00000000
B2 13,946,000.00 5.63561% 999.93408146 4.69603327 0.00000000 0.00000000
B3 8,875,000.00 5.63561% 999.93408113 4.69603380 0.00000000 0.00000000
B4 8,874,000.00 5.63561% 999.93408159 4.69603336 0.00000000 0.00000000
B5 6,973,000.00 5.63561% 999.93408146 4.69603327 0.00000000 0.00000000
B6 5,072,171.20 5.63561% 999.93408148 4.69603431 0.00000000 0.00000000
R1 100.00 4.30786% 0.00000000 0.00000000 0.00000000 0.00000000
R2 100.00 4.30786% 0.00000000 0.00000000 0.00000000 0.00000000
R3 100.00 4.30786% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) All Classes are per $1,000 denomination
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1A1 0.00000000 0.00000000 3.57865992 0.00000000 967.13837183
1AX 0.00000000 0.00000000 1.44447500 0.00000000 967.13837183
2A1 0.00000000 0.00000000 4.37776687 0.00000000 999.86152680
3A1 0.00000000 0.00000000 4.12081434 0.00000000 984.65914937
3AX 0.00000000 0.00000000 0.45683812 0.00000000 984.65914937
4A1 0.00000000 0.00000000 4.14542107 0.00000000 966.82424342
5A1 0.00000000 0.00000000 3.14454644 0.00000000 944.07413444
5A2 0.00000000 0.00000000 2.90919071 0.00000000 856.97024767
5A3 0.00000000 0.00000000 3.22055557 0.00000000 1000.00000000
5A4 0.00000000 0.00000000 3.30666683 0.00000000 1000.00000000
5A5 0.00000000 0.00000000 3.21198976 0.00000000 944.07413446
5A6 0.00000000 0.00000000 3.07574320 0.00000000 944.07413440
5A7 0.00000000 0.00000000 3.21198960 0.00000000 944.07413440
5AX 0.00000000 0.00000000 1.78091137 0.00000000 944.07413447
B1 0.00000000 0.00000000 4.69603350 0.00000000 999.86955115
B2 0.00000000 0.00000000 4.69603327 0.00000000 999.86955113
B3 0.00000000 0.00000000 4.69603380 0.00000000 999.86955155
B4 0.00000000 0.00000000 4.69603336 0.00000000 999.86955150
B5 0.00000000 0.00000000 4.69603327 0.00000000 999.86955113
B6 0.00000000 0.00000000 4.69603431 0.00000000 999.86955093
R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 19,834,321.76
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 124,335.11
Total Deposits 19,958,656.87
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 196,997.34
Payment of Interest and Principal 19,761,659.53
Total Withdrawals (Pool Distribution Amount) 19,958,656.87
Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<s> <c>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES
<s> <c>
Gross Servicing Fee 194,918.21
Wells Fargo Bank, N.A. 2,079.13
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 196,997.34
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 0.00 0.00 0.00 0.00
Reserve Fund 0.00 0.00 0.00 0.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s> <c> <c> <c> <c> <c>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 35 0 0 0 35
9,349,543.06 0.00 0.00 0.00 9,349,543.06
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 35 0 0 0 35
9,349,543.06 0.00 0.00 0.00 9,349,543.06
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.670644% 0.000000% 0.000000% 0.000000% 1.670644%
1.540208% 0.000000% 0.000000% 0.000000% 1.540208%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 1.670644% 0.000000% 0.000000% 0.000000% 1.670644%
1.540208% 0.000000% 0.000000% 0.000000% 1.540208%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 1 0 0 0 1
123,500.00 0.00 0.00 0.00 123,500.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 1 0 0 0 1
123,500.00 0.00 0.00 0.00 123,500.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.851852% 0.000000% 0.000000% 0.000000% 1.851852%
0.599332% 0.000000% 0.000000% 0.000000% 0.599332%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 1.851852% 0.000000% 0.000000% 0.000000% 1.851852%
0.599332% 0.000000% 0.000000% 0.000000% 0.599332%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 2 0 0 0 2
1,162,000.00 0.00 0.00 0.00 1,162,000.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 2 0 0 0 2
1,162,000.00 0.00 0.00 0.00 1,162,000.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.930233% 0.000000% 0.000000% 0.000000% 0.930233%
1.649814% 0.000000% 0.000000% 0.000000% 1.649814%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.930233% 0.000000% 0.000000% 0.000000% 0.930233%
1.649814% 0.000000% 0.000000% 0.000000% 1.649814%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
4 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
5 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 32 0 0 0 32
8,064,043.06 0.00 0.00 0.00 8,064,043.06
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 32 0 0 0 32
8,064,043.06 0.00 0.00 0.00 8,064,043.06
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.879037% 0.000000% 0.000000% 0.000000% 1.879037%
1.698067% 0.000000% 0.000000% 0.000000% 1.698067%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 1.879037% 0.000000% 0.000000% 0.000000% 1.879037%
1.698067% 0.000000% 0.000000% 0.000000% 1.698067%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 0.00
REO Detail - All Mortgage Loans in REO during Current Period
Summary 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Sep-04 0.000%
Original Principal Balance 0.00 Oct-04 0.000%
Current Principal Balance 0.00 Nov-04 0.000%
Dec-04 0.000%
Current REO Total Jan-05 0.000%
Loans in REO 0 Feb-05 0.000%
Original Principal Balance 0.00 Mar-05 0.000%
Current Principal Balance 0.00 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
1 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Sep-04 0.000%
Original Principal Balance 0.00 Oct-04 0.000%
Current Principal Balance 0.00 Nov-04 0.000%
Dec-04 0.000%
Current REO Total Jan-05 0.000%
Loans in REO 0 Feb-05 0.000%
Original Principal Balance 0.00 Mar-05 0.000%
Current Principal Balance 0.00 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
2 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Sep-04 0.000%
Original Principal Balance 0.00 Oct-04 0.000%
Current Principal Balance 0.00 Nov-04 0.000%
Dec-04 0.000%
Current REO Total Jan-05 0.000%
Loans in REO 0 Feb-05 0.000%
Original Principal Balance 0.00 Mar-05 0.000%
Current Principal Balance 0.00 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
3 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Sep-04 0.000%
Original Principal Balance 0.00 Oct-04 0.000%
Current Principal Balance 0.00 Nov-04 0.000%
Dec-04 0.000%
Current REO Total Jan-05 0.000%
Loans in REO 0 Feb-05 0.000%
Original Principal Balance 0.00 Mar-05 0.000%
Current Principal Balance 0.00 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
4 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Sep-04 0.000%
Original Principal Balance 0.00 Oct-04 0.000%
Current Principal Balance 0.00 Nov-04 0.000%
Dec-04 0.000%
Current REO Total Jan-05 0.000%
Loans in REO 0 Feb-05 0.000%
Original Principal Balance 0.00 Mar-05 0.000%
Current Principal Balance 0.00 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
5 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Sep-04 0.000%
Original Principal Balance 0.00 Oct-04 0.000%
Current Principal Balance 0.00 Nov-04 0.000%
Dec-04 0.000%
Current REO Total Jan-05 0.000%
Loans in REO 0 Feb-05 0.000%
Original Principal Balance 0.00 Mar-05 0.000%
Current Principal Balance 0.00 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
REO Loan Detail - All Mortgage Loans in REO during Current Period
Month
Loan First Original
Loan Entered Payment LTV at Principal
Group Number REO Date State Origination Balance
<s> <c> <c> <c> <c> <c> <c>
No REO loans this period.
REO Loan Detail - All Mortgage Loans in REO during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
No REO loans this period.
Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period
Summary 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Sep-04 0.000%
Original Principal Balance 0.00 Oct-04 0.000%
Current Principal Balance 0.00 Nov-04 0.000%
Dec-04 0.000%
Current Foreclosure Total Jan-05 0.000%
Loans in Foreclosure 0 Feb-05 0.000%
Original Principal Balance 0.00 Mar-05 0.000%
Current Principal Balance 0.00 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
1 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Sep-04 0.000%
Original Principal Balance 0.00 Oct-04 0.000%
Current Principal Balance 0.00 Nov-04 0.000%
Dec-04 0.000%
Current Foreclosure Total Jan-05 0.000%
Loans in Foreclosure 0 Feb-05 0.000%
Original Principal Balance 0.00 Mar-05 0.000%
Current Principal Balance 0.00 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
2 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Sep-04 0.000%
Original Principal Balance 0.00 Oct-04 0.000%
Current Principal Balance 0.00 Nov-04 0.000%
Dec-04 0.000%
Current Foreclosure Total Jan-05 0.000%
Loans in Foreclosure 0 Feb-05 0.000%
Original Principal Balance 0.00 Mar-05 0.000%
Current Principal Balance 0.00 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
3 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Sep-04 0.000%
Original Principal Balance 0.00 Oct-04 0.000%
Current Principal Balance 0.00 Nov-04 0.000%
Dec-04 0.000%
Current Foreclosure Total Jan-05 0.000%
Loans in Foreclosure 0 Feb-05 0.000%
Original Principal Balance 0.00 Mar-05 0.000%
Current Principal Balance 0.00 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
4 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Sep-04 0.000%
Original Principal Balance 0.00 Oct-04 0.000%
Current Principal Balance 0.00 Nov-04 0.000%
Dec-04 0.000%
Current Foreclosure Total Jan-05 0.000%
Loans in Foreclosure 0 Feb-05 0.000%
Original Principal Balance 0.00 Mar-05 0.000%
Current Principal Balance 0.00 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
5 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Sep-04 0.000%
Original Principal Balance 0.00 Oct-04 0.000%
Current Principal Balance 0.00 Nov-04 0.000%
Dec-04 0.000%
Current Foreclosure Total Jan-05 0.000%
Loans in Foreclosure 0 Feb-05 0.000%
Original Principal Balance 0.00 Mar-05 0.000%
Current Principal Balance 0.00 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period
Month
Loan First Original
Loan Entered Payment LTV at Principal
Group Number FC Date State Origination Balance
<s> <c> <c> <c> <c> <c> <c>
No Foreclosure loans this period.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
No Foreclosure loans this period.
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 6.084015%
Weighted Average Net Coupon 5.709015%
Weighted Average Pass-Through Rate 5.637736%
Weighted Average Maturity(Stepdown Calculation) 357
Beginning Scheduled Collateral Loan Count 2,146
Number Of Loans Paid In Full 51
Ending Scheduled Collateral Loan Count 2,095
Beginning Scheduled Collateral Balance 623,738,296.56
Ending Scheduled Collateral Balance 607,031,365.32
Ending Actual Collateral Balance at 29-Jul-2005 607,031,365.32
Monthly P&I Constant 3,202,694.57
Special Servicing Fee 0.00
Prepayment Penalties 124,335.11
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 40,333.69
Unscheduled Principal 16,666,597.55
Group Level Collateral Statement
Group 1 2 3
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 5.568801 5.662823 5.752363
Weighted Average Net Rate 5.193801 5.287823 5.377363
Weighted Average Maturity 357 357 358
Beginning Loan Count 90 54 216
Loans Paid In Full 2 0 1
Ending Loan Count 88 54 215
Beginning Scheduled Balance 28,747,878.87 20,607,046.17 70,884,454.91
Ending Scheduled Balance 27,921,035.03 20,606,271.61 70,432,197.59
Record Date 07/29/2005 07/29/2005 07/29/2005
Principal And Interest Constant 134,203.71 97,245.04 340,880.80
Scheduled Principal 794.36 0.00 1,086.52
Unscheduled Principal 826,049.48 774.56 451,170.80
Scheduled Interest 133,409.35 97,245.04 339,794.28
Servicing Fees 8,983.71 6,439.70 22,151.39
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 95.83 68.69 236.28
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 842.66 515.18 2,231.54
Pool Insurance Fee 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 123,487.15 90,221.47 315,175.07
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 5.154627 5.253823 5.335586
Group Level Collateral Statement
Group 4 5 Total
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 5.553639 6.194124 6.084015
Weighted Average Net Rate 5.178639 5.819124 5.709015
Weighted Average Maturity 357 357 357
Beginning Loan Count 35 1,751 2,146
Loans Paid In Full 0 48 51
Ending Loan Count 35 1,703 2,095
Beginning Scheduled Balance 13,177,861.98 490,321,054.63 623,738,296.56
Ending scheduled Balance 13,176,423.53 474,895,437.56 607,031,365.32
Record Date 07/29/2005 07/29/2005 07/29/2005
Principal And Interest Constant 62,425.91 2,567,939.11 3,202,694.57
Scheduled Principal 1,438.34 37,014.47 40,333.69
Unscheduled Principal 0.11 15,388,602.60 16,666,597.55
Scheduled Interest 60,987.57 2,530,924.64 3,162,360.88
Servicing Fees 4,118.08 153,225.33 194,918.21
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 43.93 1,634.40 2,079.13
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 329.45 31,051.65 34,970.48
Pool Insurance Fee 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 56,496.11 2,345,013.26 2,930,393.06
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 5.144639 5.739129 5.637736
Prepayment Detail - Prepayments during Current Period
Summary Loans Paid In Full Repurchased Loans
Original Current Original Current
Principal Principal Principal Principal
Group Count Balance Balance Count Balance Balance
<s> <c> <c> <c> <c> <c> <c>
1 2 825,350.00 825,350.00 0 0.00 0.00
2 0 0.00 0.00 0 0.00 0.00
3 1 448,000.00 448,000.00 0 0.00 0.00
4 0 0.00 0.00 0 0.00 0.00
5 48 15,412,764.60 15,375,600.38 0 0.00 0.00
Total 51 16,686,114.60 16,648,950.38 0 0.00 0.00
Prepayment Detail - Prepayments during Current Period (continued)
Summary Substitution Loans Liquidated Loans Curtailments
Original Current Original Current
Principal Principal Principal Principal Curtailment
Group Count Balance Balance Count Balance Balance Amount
<s> <c> <c> <c> <c> <c> <c> <c>
1 0 0.00 0.00 0 0.00 0.00 699.48
2 0 0.00 0.00 0 0.00 0.00 774.56
3 0 0.00 0.00 0 0.00 0.00 3,170.80
4 0 0.00 0.00 0 0.00 0.00 0.11
5 0 0.00 0.00 0 0.00 0.00 14,953.87
Total 0 0.00 0.00 0 0.00 0.00 19,598.82
Prepayment Loan Detail - Prepayments during Current Period
First Original
Loan LTV at Payment Principal Prepayment
Group Number State Origination Date Balance Amount
<s> <c> <c> <c> <c> <c> <c>
1 1103362164 CA 0.00 01-May-2005 368,100.00 368,100.00
1 1103405457 CA 0.00 01-Mar-2005 457,250.00 457,250.00
3 2503104024 CA 0.00 01-Jun-2005 448,000.00 448,000.00
5 1103337195 FL 0.00 01-Jun-2005 201,240.00 200,890.11
5 1103365666 CA 0.00 01-Jun-2005 560,000.00 560,000.00
5 1103369223 NV 0.00 01-May-2005 159,755.00 159,755.00
5 1103378137 CA 0.00 01-Apr-2005 462,000.00 462,000.01
5 1103383239 AZ 0.00 01-May-2005 117,600.00 117,600.00
5 1103383294 CA 0.00 01-Apr-2005 272,200.00 272,200.00
5 1103383427 CA 0.00 01-May-2005 438,850.00 438,850.00
5 1103383538 FL 0.00 01-May-2005 176,000.00 176,000.00
5 1103389898 FL 0.00 01-Jun-2005 100,000.00 100,000.00
5 1103392288 CA 0.00 01-May-2005 221,200.00 221,200.00
5 1103392854 CA 0.00 01-May-2005 315,000.00 315,000.00
5 1103392858 AZ 0.00 01-Jun-2005 300,300.00 300,300.00
5 1103395054 NV 0.00 01-Mar-2005 386,923.00 386,923.00
5 1103396969 NV 0.00 01-May-2005 282,392.00 282,392.00
5 1103397334 NJ 0.00 01-May-2005 274,500.00 274,500.00
5 1103398155 AZ 0.00 01-May-2005 96,600.00 96,600.00
5 1103399699 CA 0.00 01-Apr-2005 420,000.00 420,000.00
5 1103400912 CA 0.00 01-Jun-2005 352,100.00 352,100.00
5 1103402066 CA 0.00 01-Apr-2005 350,000.00 349,987.43
5 1103404643 CA 0.00 01-Jun-2005 492,000.00 492,000.00
5 1103404770 NV 0.00 01-May-2005 277,950.00 277,950.00
5 1103405440 HI 0.00 01-May-2005 620,000.00 620,000.00
5 1103407194 NV 0.00 01-May-2005 300,000.00 300,000.00
5 1103407414 NJ 0.00 01-Jun-2005 140,000.00 140,000.00
5 1103407837 CA 0.00 01-Jun-2005 910,000.00 910,000.00
5 1103408193 FL 0.00 01-Jun-2005 185,663.00 185,663.00
5 1103408855 MD 0.00 01-Jun-2005 269,500.00 269,500.00
5 1103409315 NC 0.00 01-Mar-2005 156,750.00 156,378.07
5 1103410970 VA 0.00 01-Apr-2005 325,841.60 325,809.19
5 1103410988 NC 0.00 01-May-2005 236,000.00 236,000.00
5 1103413024 FL 0.00 01-Jun-2005 336,000.00 336,000.00
5 1103414396 CA 0.00 01-Jun-2005 252,000.00 252,000.00
5 1103414587 AZ 0.00 01-May-2005 161,600.00 161,470.00
5 1103414658 CA 0.00 01-May-2005 532,800.00 532,306.52
5 1103414682 CA 0.00 01-May-2005 359,000.00 359,000.00
5 1103414684 AZ 0.00 01-May-2005 179,200.00 178,546.71
5 1103414696 CA 0.00 01-May-2005 288,000.00 287,704.93
5 1103414732 VA 0.00 01-May-2005 305,600.00 305,536.33
5 1103414733 MD 0.00 01-Jun-2005 144,000.00 143,625.96
5 1103414764 CA 0.00 01-May-2005 470,400.00 469,092.28
5 1103414785 CA 0.00 01-Jun-2005 462,400.00 461,439.06
5 2503104259 FL 0.00 01-Jun-2005 192,000.00 192,000.00
5 2503104303 CA 0.00 01-Jun-2005 185,500.00 185,500.00
5 2503104401 CA 0.00 01-Jun-2005 700,000.00 700,000.00
5 2503106804 FL 0.00 01-Jun-2005 111,900.00 111,900.00
5 2503106932 CA 0.00 01-Jun-2005 700,000.00 700,000.00
5 3900010929 NJ 0.00 01-Mar-2002 293,500.00 279,452.85
5 3900011453 NC 0.00 01-Aug-2002 338,500.00 318,476.28
Prepayment Loan Detail - Prepayments during Current Period (continued)
Current
Loan PIF Months Loan Original
Group Number Type Delinquent Rate Term Seasoning
<s> <c> <c> <c> <c> <c> <c>
1 1103362164 Loan Paid in Full 0 5.625% 360 3
1 1103405457 Loan Paid in Full 0 5.500% 360 5
3 2503104024 Loan Paid in Full (1) 5.875% 360 2
5 1103337195 Loan Paid in Full 0 8.750% 360 2
5 1103365666 Loan Paid in Full 0 5.375% 360 2
5 1103369223 Loan Paid in Full 0 6.250% 360 3
5 1103378137 Loan Paid in Full (1) 5.875% 360 4
5 1103383239 Loan Paid in Full 1 6.500% 360 3
5 1103383294 Loan Paid in Full 0 5.875% 360 4
5 1103383427 Loan Paid in Full 1 6.125% 360 3
5 1103383538 Loan Paid in Full 0 7.250% 360 3
5 1103389898 Loan Paid in Full 0 6.875% 360 2
5 1103392288 Loan Paid in Full 0 5.375% 360 3
5 1103392854 Loan Paid in Full 0 5.375% 360 3
5 1103392858 Loan Paid in Full 0 5.875% 360 2
5 1103395054 Loan Paid in Full 0 7.500% 360 5
5 1103396969 Loan Paid in Full 1 7.500% 360 3
5 1103397334 Loan Paid in Full 0 8.375% 360 3
5 1103398155 Loan Paid in Full 0 6.500% 360 3
5 1103399699 Loan Paid in Full 0 6.250% 360 4
5 1103400912 Loan Paid in Full 0 6.000% 360 2
5 1103402066 Loan Paid in Full 0 6.500% 360 4
5 1103404643 Loan Paid in Full 0 5.875% 360 2
5 1103404770 Loan Paid in Full 0 6.750% 360 3
5 1103405440 Loan Paid in Full 0 8.625% 360 3
5 1103407194 Loan Paid in Full 0 6.375% 360 3
5 1103407414 Loan Paid in Full 0 7.250% 360 2
5 1103407837 Loan Paid in Full 0 5.500% 360 2
5 1103408193 Loan Paid in Full 0 6.375% 360 2
5 1103408855 Loan Paid in Full (1) 5.250% 360 2
5 1103409315 Loan Paid in Full 0 10.625% 360 5
5 1103410970 Loan Paid in Full 0 7.640% 360 4
5 1103410988 Loan Paid in Full 0 6.870% 360 3
5 1103413024 Loan Paid in Full (1) 6.000% 360 2
5 1103414396 Loan Paid in Full 0 7.750% 360 2
5 1103414587 Loan Paid in Full 1 7.125% 360 3
5 1103414658 Loan Paid in Full 0 6.375% 360 3
5 1103414682 Loan Paid in Full 0 8.500% 360 3
5 1103414684 Loan Paid in Full 0 6.500% 360 3
5 1103414696 Loan Paid in Full 0 5.875% 360 3
5 1103414732 Loan Paid in Full 1 6.500% 360 3
5 1103414733 Loan Paid in Full 0 6.750% 360 2
5 1103414764 Loan Paid in Full 0 7.875% 360 3
5 1103414785 Loan Paid in Full 0 7.875% 360 2
5 2503104259 Loan Paid in Full 0 6.500% 360 2
5 2503104303 Loan Paid in Full 0 5.125% 360 2
5 2503104401 Loan Paid in Full 0 6.500% 360 2
5 2503106804 Loan Paid in Full 0 7.250% 360 2
5 2503106932 Loan Paid in Full 0 5.625% 360 2
5 3900010929 Loan Paid in Full 0 5.500% 360 41
5 3900011453 Loan Paid in Full 0 5.750% 360 36
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.672% Current Month 27.749% Current Month 5,067.756%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 17.583% N/A Jul-2005 4,956.730% N/A
Aug-2005 27.749% N/A Aug-2005 5,067.756% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
1
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.874% Current Month 29.522% Current Month 5,282.842%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.032% N/A Jul-2005 8.822% N/A
Aug-2005 29.522% N/A Aug-2005 5,282.842% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.004% Current Month 0.045% Current Month 8.774%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.101% N/A Jul-2005 32.128% N/A
Aug-2005 0.045% N/A Aug-2005 8.774% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
3
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.636% Current Month 7.376% Current Month 1,461.103%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 8.257% N/A Jul-2005 2,714.502% N/A
Aug-2005 7.376% N/A Aug-2005 1,461.103% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
4
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.000% Current Month 0.000% Current Month 0.001%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 29.717% N/A Jul-2005 6,212.349% N/A
Aug-2005 0.000% N/A Aug-2005 0.001% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
5
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.139% Current Month 31.797% Current Month 5,770.037%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 20.045% N/A Jul-2005 5,572.012% N/A
Aug-2005 31.797% N/A Aug-2005 5,770.037% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<FN>
Calculation Methodology:
Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled
Principal)
Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12)
PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS))
Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal
Balance))
</FN>
Realized Loss Detail Report - Loans with Losses during Current Period
Summary
# Loans Prior Realized Current
with Principal Loss/(Gain) Loss
Group Losses Balance Amount Percentage
<s> <c> <c> <c> <c>
1 0 0.00 0.00 0.000%
2 0 0.00 0.00 0.000%
3 0 0.00 0.00 0.000%
4 0 0.00 0.00 0.000%
5 0 0.00 0.00 0.000%
Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period
Original Current
Loan Principal Note LTV at Original
Group Number Balance Rate State Origination Term
<s> <c> <c> <c> <c> <c> <c>
No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)
Prior Cumulative
Loan Principal Realized Realized
Group Number Balance Loss/(Gain) Loss/(Gain)
<s> <c> <c> <c> <c>
No losses this period.
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
1
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
2
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
3
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
4
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
5
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<FN>
</FN>
<FN>
Calculation Methodology:
Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance).
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and
less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 -
((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
</FN>